Brief report at the DT on AMD’s impending job cuts
According to Information Week, AMD plans to axe off 1,600 employees before the close of September — this would represent a 10% reduction in AMD’s current workforce of 16,000 employees.
…AMD expects that Q1 revenue will come in at roughly $1.5B or 15% lower than Q4 2007 — the loss came from an unexpected decline in every market that AMD competes.